Canada-European Union Comprehensive Economic and Trade Agreement (CETA)

Country / jurisdiction: Canada · Year: 2017 · Status: In force · Level: National · Type: Voluntary

The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) entered into force provisionally. Most of its provisions therefore apply, including:

elimination of import tariffs for 98% of import tariff, including on clean energy technology products (notably photovoltaic system equipment, wind turbines and their components, gas turbines and their components, solar heliostats and their parts, inverters, enzymes for CO2 capture, industrial mufflers, cryogenic liquid CO2 system components)

motor cars and other vehicles will see their import tariffs gradually eliminated (from 10%) within a period ranging from four to eight years.

vehicles specially designed for the transport of highly radioactive materials will see their import tariffs gradually eliminated (from 3.5%) in four years.

Rules of origin applying to heat pumps, motor cars and vehicles specify that the aggregate value of all non-originating materials utilised does not represent more than 50% of the product's transaction value or ex-works price.

Due to its provisional application status, the following CETA provisions are not yet in force :

provisions related to investment protection

provisions related to investment market access for portfolio investment

a specific Investment Court System set up in the Agreement

Official source: https://www.international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-acc/ceta-aecg/text-texte/toc-tdm.aspx?lang=eng